Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Member of Advisory Board Rob Roberti was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Aankondiging • Dec 19
Solar Alliance Energy Inc. Appoints Erik Melang as Sales Director Solar Alliance Energy Inc. announced the appointment of Erik Melang as Sales Director as the Company prepares for growth in 2026. Melang, former owner of Distributive Solar, brings both the Distributive Solar and Nashville Solar Works brands under the Solar Alliance umbrella, extending the company's reach throughout the Southeastern United States. Melang brings an executive level of expertise in the commercial solar industry, having developed numerous projects across the Southeast. He holds an MBA from Appalachian State University and a NABCEP Associate certification. Earlier in his career he served as a Sustainability Officer at a broker-dealer and as Vice President of Investments at Raymond James. He has served on the board of Intentional Endowments and is a frequent public speaker and writer on clean energy topics. Reported Earnings • Dec 03
Third quarter 2025 earnings released: CA$0.002 loss per share (vs CA$0.001 loss in 3Q 2024) Third quarter 2025 results: CA$0.002 loss per share (further deteriorated from CA$0.001 loss in 3Q 2024). Revenue: CA$656.9k (down 31% from 3Q 2024). Net loss: CA$445.2k (loss widened 62% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Aankondiging • Nov 22
Solar Alliance Energy Inc. Announces Board and Executive Changes Solar Alliance Energy Inc. announced that Jawad Chughtai, the Company's Chief Financial Officer, has been appointed as Corporate Secretary. Mr. Chughtai, who joined Solar Alliance as Chief Financial Officer earlier this year, is an Associate Member of the Institute of Chartered Accountants England and Wales (ICAEW) and a fellow member of the Association of Chartered Certified Accountants (ACCA). He brings more than 10 years of experience in Finance, Audit, Risk Management and Internal Controls to his expanded responsibilities as Corporate Secretary. Monique Hutchins, the former Corporate Secretary of the Company, and Anton Shihoff, a director of the Company, have resigned from the Company to pursue other business interests. Reported Earnings • Sep 04
Second quarter 2025 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 2Q 2024) Second quarter 2025 results: CA$0.001 loss per share (in line with 2Q 2024). Revenue: CA$849.5k (up 19% from 2Q 2024). Net loss: CA$234.9k (loss widened 17% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 01
Third quarter 2024 earnings released: CA$0.001 loss per share (vs CA$0.004 profit in 3Q 2023) Third quarter 2024 results: CA$0.001 loss per share (down from CA$0.004 profit in 3Q 2023). Revenue: CA$945.3k (down 61% from 3Q 2023). Net loss: CA$274.5k (down 128% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. New Risk • Nov 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-CA$2.0m). Market cap is less than US$10m (CA$10.3m market cap, or US$7.32m). Minor Risk Shareholders have been diluted in the past year (7.0% increase in shares outstanding). Aankondiging • Oct 03
Solar Alliance Energy Inc., Annual General Meeting, Dec 13, 2024 Solar Alliance Energy Inc., Annual General Meeting, Dec 13, 2024. Reported Earnings • Sep 01
Second quarter 2024 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 2Q 2023) Second quarter 2024 results: CA$0.001 loss per share (in line with 2Q 2023). Revenue: CA$711.5k (down 51% from 2Q 2023). Net loss: CA$200.3k (loss narrowed 17% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Aankondiging • Aug 01
Solar Alliance Energy Inc. announced that it has received CAD 0.7 million in funding On July 31, 2024, Solar Alliance Energy Inc. closed the transaction. The company has now issued total 14,000,000 units at a price of CAD 0.05 per Unit for gross proceeds of CAD 700,000 in the transaction. The company has issued 1,000,000 units at a price of CAD 0.05 per Unit for gross proceeds of CAD 50,000 in its third and final tranche closing. The Offering is subject to certain conditions including, but not limited to, the receipt
of all necessary approvals, including the approval of the TSX Venture Exchange and applicable securities regulatory authorities. New Risk • Jul 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$2.1m). Market cap is less than US$10m (CA$12.8m market cap, or US$9.38m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: CA$0.001 (vs CA$0.005 loss in 1Q 2023) First quarter 2024 results: EPS: CA$0.001 (up from CA$0.005 loss in 1Q 2023). Revenue: CA$1.66m (up 71% from 1Q 2023). Net income: CA$201.8k (up CA$1.62m from 1Q 2023). Profit margin: 12% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Aankondiging • May 16
Solar Alliance Energy Inc. announced that it expects to receive CAD 1 million in funding Solar Alliance Energy Inc. announced a non-brokered private placement of 20,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 1,000,000 on June 20, 2024. Each unit will be comprised of one common share of the company and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common share at an exercise price of CAD 0.07 per warrant share at any time for a period of thirty-six (36) months following the closing of the offering. Completion of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and applicable securities regulatory authorities. The transaction is expected to close on or about June 20, 2024 or such other date or dates that that the company may determine. Reported Earnings • May 01
Full year 2023 earnings released: CA$0.007 loss per share (vs CA$0.01 loss in FY 2022) Full year 2023 results: CA$0.007 loss per share (improved from CA$0.01 loss in FY 2022). Revenue: CA$7.47m (up 55% from FY 2022). Net loss: CA$1.81m (loss narrowed 34% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 48% per year, which means it is performing significantly worse than earnings. New Risk • Apr 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.7m (US$9.99m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$689k free cash flow). Negative equity (-CA$1.4m). Market cap is less than US$10m (CA$13.7m market cap, or US$9.99m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Revenue is less than US$5m (CA$5.3m revenue, or US$3.8m). New Risk • Dec 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$689k free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-CA$1.4m). Market cap is less than US$10m (CA$9.62m market cap, or US$7.11m). Minor Risk Revenue is less than US$5m (CA$5.3m revenue, or US$3.9m). Reported Earnings • Nov 24
Third quarter 2023 earnings released: EPS: CA$0.004 (vs CA$0.001 loss in 3Q 2022) Third quarter 2023 results: EPS: CA$0.004 (up from CA$0.001 loss in 3Q 2022). Revenue: CA$2.41m (down 13% from 3Q 2022). Net income: CA$975.7k (up CA$1.20m from 3Q 2022). Profit margin: 41% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. New Risk • Oct 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$2.1m). Market cap is less than US$10m (CA$13.7m market cap, or US$9.97m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (CA$5.6m revenue, or US$4.1m). New Risk • Oct 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.4m (US$9.02m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$2.1m). Market cap is less than US$10m (CA$12.4m market cap, or US$9.02m). Minor Risk Revenue is less than US$5m (CA$5.6m revenue, or US$4.1m). Reported Earnings • Aug 24
Second quarter 2023 earnings released: CA$0.001 loss per share (vs CA$0.001 loss in 2Q 2022) Second quarter 2023 results: CA$0.001 loss per share (in line with 2Q 2022). Revenue: CA$1.45m (up 51% from 2Q 2022). Net loss: CA$240.5k (loss widened 16% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Aankondiging • Jun 22
An Unknown buyer acquired 67% interest in Two operating solar projects of Solar Alliance Energy Inc. in New York from Solar Alliance Energy Inc. for $0.97 million. An Unknown buyer acquired 67% interest in Two operating solar projects of Solar Alliance Energy Inc. in New York from Solar Alliance Energy Inc. for $0.97 million on June 21, 2023. The sale of the interest in the Projects was completed through the settlement of a promissory note due to the acquirer that had a principal and interest balance of $0.97336072 million, eliminating this obligation from Solar Alliance’s balance sheet. Solar Alliance will maintain a 33% interest in the two projects (the “Projects”), enabling the Company to continue to benefit from the economics of the Projects.
An Unknown buyer completed the acquisition of 67% interest in Two operating solar projects of Solar Alliance Energy Inc. in New York from Solar Alliance Energy Inc. on June 21, 2023. Reported Earnings • Jun 01
First quarter 2023 earnings released: CA$0.005 loss per share (vs CA$0.004 loss in 1Q 2022) First quarter 2023 results: CA$0.005 loss per share (further deteriorated from CA$0.004 loss in 1Q 2022). Revenue: CA$974.6k (up 47% from 1Q 2022). Net loss: CA$1.42m (loss widened 47% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 02
Full year 2022 earnings released: CA$0.01 loss per share (vs CA$0.002 loss in FY 2021) Full year 2022 results: CA$0.01 loss per share (further deteriorated from CA$0.002 loss in FY 2021). Revenue: CA$4.83m (up 32% from FY 2021). Net loss: CA$2.75m (loss widened CA$2.30m from FY 2021). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 06
Solar Alliance Energy Inc., Annual General Meeting, Mar 21, 2023 Solar Alliance Energy Inc., Annual General Meeting, Mar 21, 2023. Reported Earnings • Nov 23
Third quarter 2022 earnings released: CA$0.001 loss per share (vs CA$0.002 loss in 3Q 2021) Third quarter 2022 results: CA$0.001 loss per share (improved from CA$0.002 loss in 3Q 2021). Revenue: CA$2.75m (up CA$2.50m from 3Q 2021). Net loss: CA$220.5k (loss narrowed 65% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Second quarter 2022 earnings released: CA$0.001 loss per share (vs CA$0.002 loss in 2Q 2021) Second quarter 2022 results: CA$0.001 loss per share (up from CA$0.002 loss in 2Q 2021). Revenue: CA$964.5k (down 32% from 2Q 2021). Net loss: CA$208.3k (loss narrowed 67% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 28
Solar Alliance Completes Construction of 500-Kw Utility Solar Project for LG&E and Ku in Kentucky Solar Alliance Energy Inc. announce the Company has completed construction of a 500-kilowatt solar project in Kentucky for Louisville Gas and Electric Company and Kentucky Utilities Company. The project, the fifth section of LG&E and KU’s Solar Share facility, is now operational and part of a subscription-based program available to residential, business and industrial customers who want to support local solar energy. This project represents a total of 1.5 megawatts of photovoltaic infrastructure engineered and installed by Solar Alliance for the utilities. The contract for this project includes an option for LG&E and KU to select Solar Alliance to build an additional 500-kW system at the same location. LG&E and KU’s Solar Share program is leading the way for individuals and businesses to become part of the clean energy transition without the need for up-front costs – for as little as 20 cents per day. Those who enroll in Solar Share can earn credits on monthly utility bills based on their subscription level or use the gifting option to transfer the monthly credits to another customer or community organization in the utilities’ service areas. This project is the latest to be completed in Kentucky, which remains a geographic focus for Solar Alliance. The growing portfolio of projects in Kentucky is supported by the growing and strong partnership built with Boyd CAT, the authorized dealer of Cat® solar equipment for businesses and contractors across Kentucky, Southern Indiana, West Virginia and Southeastern Ohio. Reported Earnings • May 04
Full year 2021 earnings released: CA$0.002 loss per share (vs CA$0.006 loss in FY 2020) Full year 2021 results: CA$0.002 loss per share (up from CA$0.006 loss in FY 2020). Revenue: CA$3.67m (up 4.7% from FY 2020). Net loss: CA$448.9k (loss narrowed 67% from FY 2020). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 18
Solar Alliance Announces Board Changes Solar Alliance Energy Inc. announced that Brian Timmons has been appointed Chairman of the Company’s Board of Directors, effective immediately. Mr. Timmons was appointed to the Company’s Board of Directors on September 13th, 2021. Mr. Timmons replaces Michael Clark, who continues in his roles of Director, CEO and President of Solar Alliance. Mr. Timmons is a Fellow of the Association of Chartered Certified Accountants, with over 30 years of experience in senior positions within companies across a range of industries, including fund management, investment banking (in Irish Life Assurance Co. and AIB Capital Markets PLC respectively), healthcare technology, bioscience, alternative energy and resource companies, e-commerce, telecoms and software IT. Aankondiging • Feb 03
Solar Alliance Energy Inc. (TSXV:SOLR) completed the acquisition of 389 kilowatt Solar Project in New York State from Abundant Solar Power, Inc. Solar Alliance Energy Inc. (TSXV:SOLR) signed a letter of intent to acquire a 389 kilowatt Solar Project in New York State from Abundant Solar Power, Inc. for $0.64 million on June 23, 2021. The net capital cost for the project is expected to be approximately $640,000 and will be financed by Solar Alliance either through construction debt, long term debt, equity and tax equity. Solar Alliance will own and operate under a 25-year power purchase agreement. Construction will commence in early 2022 and the project will have a Commercial Operation Date in Q2, 2022.
Solar Alliance Energy Inc. (TSXV:SOLR) completed the acquisition of 389 kilowatt Solar Project in New York State from Abundant Solar Power, Inc. on February 2, 2022. Reported Earnings • Nov 27
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: CA$0.002 loss per share (vs CA$0.002 loss in 3Q 2020). Revenue: CA$252.4k (down 52% from 3Q 2020). Net loss: CA$629.6k (loss widened 25% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Second quarter 2021 earnings released: CA$0.002 loss per share (vs CA$0.003 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CA$1.42m (up 4.3% from 2Q 2020). Net loss: CA$628.4k (loss widened 9.9% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 77% per year whereas the company’s share price has increased by 79% per year. Aankondiging • Jun 22
Solar Alliance Energy Inc. Completes 1 Megawatt Solar Share Project for LG&E/KU in Kentucky Solar Alliance Energy Inc. announced construction has been completed at a one megawatt ("MW") solar project in Kentucky for Louisville Gas and Electric Company and Kentucky Utilities Company ("LG&E and KU"), part of the PPL Corporation family of companies. The solar system, which consists of Phase 3 and 4 of LG&E and KU's Solar Share facility in Simpsonville, is now fully operational and producing energy for subscribing customers. Solar Alliance worked with Boyd CAT, a regional Caterpillar dealer, on this and other projects as the two companies expand the portfolio of solar projects they are partnering on. A total of eight 500-kilowatt Solar Share sections are planned for the Simpsonville facility, for a total of 4 megawatts. Construction of each section is completed as each becomes fully subscribed. The utility is currently accepting enrollments for the fifth section, which is now nearly 80% subscribed. Reported Earnings • May 31
First quarter 2021 earnings released: CA$0.002 loss per share (vs CA$0.002 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: CA$582.2k (down 6.9% from 1Q 2020). Net loss: CA$469.0k (down 230% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 03
Full year 2020 earnings released The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CA$3.50m (up 59% from FY 2019). Net loss: CA$1.37m (loss narrowed 50% from FY 2019). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 78% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 11
Solar Alliance Signs Design Agreement for 56 Megawatt, USD 60 Million Illinois Solar Project and Commences Expansion Assessment for Up to 150 Megawatts Solar Alliance Energy Inc. signed Solar Design Agreement with Green Data Center Real Estate Inc. to commence design and detailed feasibility analysis on an initial 56-megawatt, USD 60 million ground and roof mount solar project at hyperscale data center in Illinois. The Agreement details a phased approach to Project development in order to assess the potential of increasing the project size. It is anticipated the data center will have sufficient electricity demand to support a solar project up to 150 MW. Under the Agreement, Solar Alliance and Green Data will determine the feasibility of a larger second phase of the Project while simultaneously advancing detailed design work on the initial 56 MW phase. Final costs for both phases will be determined and negotiated as part of a final construction agreement and Notice to Proceed. Under the terms of the Agreement, Green Data has granted Solar Alliance the option to provide equity to acquire up to 10% of the entire project. In consideration for the ownership option on the entire project, Solar Alliance will take on additional project development responsibilities including certain interconnection assessment activities, project finance participation and community engagement. Under the terms of the Design Agreement, Solar Alliance and Green Data will also: Determine potential to expand system size based on site constraints; Determine potential phasing of solar project construction based on data center power demand and data center construction schedule; and Agree financial model that illustrates project economics and provides the basis for a decision on Solar Alliance equity participation in the project. The design work for the solar system is being completed in tandem with the final design work for the data center. The final project size and capital cost will be determined as part of the design process and a final construction agreement will be negotiated in advance of Notice to Proceed. Advancement of the project is dependent on the design and engineering targets and the final approval of Green Data. This Agreement replaces the Letter of Intent signed with Green Data and announced on January 4, 2021. This is the second data center solar project Solar Alliance is pursuing with Green Data. On October 28, 2020 the Company signed a Design Agreement to commence design work on a 4.57-megawatt ground and roof mount solar project at a 10 MW hyperscale data center in Murphysboro, Illinois owned by Green Data Center Real Estate Inc. The design work for the solar system is continuing and is being completed in tandem with the final design work for the data center. Illinois has increased its attractiveness for data center development with new state level incentives and now ranks 4th in the world for data center suitability, as reported by Cushman Wakefield. Recent data center announcements in Illinois include Facebook’s $800 million project in DeKalb, IL which increases the need for renewable energy substantially. Aankondiging • Mar 04
Solar Alliance Completes 2.4 MW, USD 2.7 Million Solar Project for Bridgestone Solar Alliance Energy Inc. announce that work has been completed at the 2.4 Megawatt (“MW”) commercial solar project (the ‘Project’) for Bridgestone Americas Inc. (“Bridgestone”), a subsidiary of Bridgestone Corporation, in South Carolina. This is the large solar project in the Company’s history and was constructed on a confidential basis until it was fully completed and operational. The Project, with a capital cost of USD 2.7 million, is powered by more than 7,000 solar modules and will generate almost 4 gigawatt hours (GWh) of electricity annually, equivalent to powering almost 600 homes and offseting 2,829 tons of carbon dioxide emission each year. The Project will also generate substantial electricity cost savings and the energy produced by the Project will be used entirely to offset usage within Bridgestone’s facility. Aankondiging • Feb 19
Solar Alliance Energy Inc. announced that it has received CAD 5.75253 million in funding On February 18, 2021, Solar Alliance Energy Inc. (TSXV:SOLR) closed the transaction. The company has issued 13,696,500 units at a price of CAD 0.42 per unit for gross proceeds of CAD 5,752,530. The company has received CAD 750,330 in its second tranche. The transaction included participation from CEO Michael Clark through 184,000 Units for CAD 77,280. The transaction was over-subscribed. Is New 90 Day High Low • Feb 10
New 90-day high: CA$0.72 The company is up 2,300% from its price of CA$0.03 on 11 November 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 16% over the same period. Aankondiging • Feb 06
Solar Alliance Energy Inc. announced that it has received CAD 5.0022 million in funding On February 5, 2021, Solar Alliance Energy Inc. (TSXV:SOLR) closed the transaction. Aankondiging • Jan 31
Solar Alliance Energy Inc. announced that it expects to receive CAD 5.0022 million in funding Solar Alliance Energy Inc. (TSXV:SOLR) announced a non-brokered private placement of up to 11,910,000 units at a price of CAD 0.42 per unit for gross proceeds of up to CAD 5,0002,200 on January 29, 2021. Each unit will consist of one common share and one common share share purchase warrant. Each warrant will entitle the holder to purchase on share at a price of CAD 0.60 per share for a period of 24 months from the date of closing of the transaction. The agents have been provided an over-allotment option to purchase up to an additional 15% of the offering in units, exercisable in whole or in part at any time up to 48 hours prior to the closing date. The offering is expected to close on or about February 18, 2021 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities. The units to be issued under the offering will be subject to a hold period in Canada expiring four months and one day from the closing date of the Offering. In connection with the offering, the agent will receive a cash commission of 7.0% of the gross proceeds of the offering and that number of non-transferable compensation options as is equal to 7.0% of the aggregate number of units sold under the offering. Each compensation option is exercisable into one common share of the company at the issue price for a period of 24 months from the closing date of the offering. Aankondiging • Jan 29
Solar Alliance Energy Inc. Signs Contract with LG&E and KU for Additional 500-kW Solar Project Solar Alliance Energy Inc. announce it has signed a contract with Louisville Gas and Electric Company and Kentucky Utilities Company. On November 9th, Solar Alliance announced it had signed a contract for a 500-kW system that included an option for LG&E and KU to select Solar Alliance to build an additional 500-kW system at the same location. LG&E and KU exercised that option, and Solar Alliance will now build a combined 1-megawatt (“MW”) project for the customer. The two phases will be built simultaneously, and construction will commence in the spring of this year. The two projects represent sections three and four of LG&E and KU’s Solar Share Program, a cost-effective option available to the utilities’ residential, business and industrial customers who want to support solar energy for as little as 20 cents per day. A total of eight 500-kilowatt Solar Share sections are planned for the Simpsonville facility, for a total of four megawatts. Recent Insider Transactions Derivative • Jan 17
President exercised options to buy CA$240k worth of stock. On the 14th of January, Michael Clark exercised options to buy 1.00m shares at a strike price of around CA$0.06, costing a total of CA$60k. This transaction amounted to 46% of their direct individual holding at the time of the trade. Since September 2020, Michael's direct individual holding has increased from 1.65m shares to 2.15m. Company insiders have collectively bought CA$125k more than they sold, via options and on-market transactions, in the last 12 months. Is New 90 Day High Low • Jan 13
New 90-day high: CA$0.28 The company is up 850% from its price of CA$0.03 on 14 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 26% over the same period. Aankondiging • Jan 06
Solar Alliance Signs Agreement for 56 Megawatt, USD 60 Million Solar Project Solar Alliance Energy Inc. announced it signed a binding Letter of Intent on January 4, 2021 with Green Data Center Real Estate Inc. for the design and construction of a 56 megawatt solar project located in Illinois. The project will include battery storage capabilities and generator-based backup power. The capital cost of the solar portion of the project is expected to be approximately USD 60 million. Under the terms of the Agreement Green Data is responsible for arranging project equity and debt and Solar Alliance has an option to provide up to 10% of the project equity. Preliminary design work is expected to begin in the first half of 2021 with a decision on a construction timeline being completed as part of that process. The project is expected to generate margins in the range of the Company’s other large-scale solar projects. The final project size and capital cost will be determined as part of the design process and a final construction agreement will be negotiated in advance of Notice to Proceed. A payment schedule will form part of the final construction agreement and will be disclosed on execution. Advancement of the project is dependent on the design and engineering targets and the final approval of Green Data and the completion of financing with solar investment tax equity. This is the second data center project Solar Alliance is pursuing with Green Data. On October 28, 2020 the Company signed a Design Agreement to commence design work on a 4.57-megawatt ground and roof mount solar project at a 10 MW hyperscale data center in Murphysboro, Illinois owned by Green Data Center Real Estate Inc. The design work for the solar system is continuing and is being completed in tandem with the final design work for the data center. Aankondiging • Jan 01
Solar Alliance Energy Inc. Announces Executive Changes Solar Alliance Energy Inc. announced that CEO Michael Clark has been appointed Chairman of the Company’s Board of Directors, effective immediately. Jason Bak has resigned as Chairman in order to pursue other opportunities and the Company wishes him well in his future endeavours. Anton Shihoff, Ken Stadlin and Bob Miller remain as members of the board of directors alongside Mr. Clark. Aankondiging • Dec 15
Solar Alliance Energy Inc., Annual General Meeting, Feb 10, 2021 Solar Alliance Energy Inc., Annual General Meeting, Feb 10, 2021. Reported Earnings • Dec 01
Third quarter 2020 earnings released: CA$0.002 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: CA$530.4k (up 37% from 3Q 2019). Net loss: CA$504.2k (loss narrowed 7.5% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Aankondiging • Nov 10
Solar Alliance Energy Inc. Signs Contract for 500 KW Solar Project Solar Alliance Energy Inc. announced it has signed a contract to build a 500 kilowatt ("kW") solar system in Kentucky. The project is one of Solar Alliance's largest to date and is scheduled for construction in early 2021. The contract also includes an option for the customer to select Solar Alliance to build an additional 500 kW system at the same location. For contractual reasons, the identity of the customer is not being disclosed at this time. Aankondiging • Oct 29
Solar Alliance Energy Inc. Signs Design Contract for 4.6 Megawatt, $4.8 Million Illinois Solar Project Solar Alliance Energy Inc. announced it has signed an agreement ("Design Agreement") to commence design work on a 4.57-megawatt ("MW") ground and roof mount solar project at a 10 MW hyperscale data center in Murphysboro, Illinois owned by Green Data Center Real Estate Inc. ("Green Data"). The design work for the solar system is being completed in tandem with the final design work for the data center. The capital cost of the solar project is expected to be approximately $4.8 million. The project would be Solar Alliance's largest to date and is expected to generate margins in the range of the Company's other large-scale solar projects. The final project size and capital cost will be determined as part of the design process. The Design Agreement was signed with S.M. Wilson & Co., the general contractor for the NuYen Enterprise Data Center being developed by Green Data. The Company previously signed a Letter of Intent ("LOI") with the predecessor company of Green Data for the design, engineering, procurement and construction management of the Murphysboro data center project. That LOI will be replaced with subsequent agreements, including this Design Agreement, and a construction agreement. 